Union Pacific (UNP) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Union Pacific (NYSE:UNP) from a neutral rating to a buy rating in a research note published on Wednesday morning, Marketbeat.com reports.

A number of other brokerages have also issued reports on UNP. UBS Group raised shares of Union Pacific from a neutral rating to a buy rating in a report on Friday, January 5th. Zacks Investment Research upgraded Union Pacific from a hold rating to a buy rating and set a $130.00 price target for the company in a research report on Wednesday, November 1st. BMO Capital Markets raised their price target on Union Pacific from $123.00 to $127.00 and gave the stock an outperform rating in a research report on Friday, October 27th. ValuEngine downgraded Union Pacific from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, Scotiabank restated a hold rating and issued a $148.00 price target on shares of Union Pacific in a research report on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. Union Pacific currently has a consensus rating of Hold and a consensus target price of $130.40.

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Union Pacific (NYSE:UNP) traded down $0.54 during trading on Wednesday, reaching $132.68. 1,220,000 shares of the company traded hands, compared to its average volume of 6,060,000. The stock has a market cap of $104,440.00, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Union Pacific has a one year low of $101.06 and a one year high of $143.05. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.65.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. analysts predict that Union Pacific will post 7.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.73 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.20%. Union Pacific’s payout ratio is 12.64%.

Institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC lifted its holdings in Union Pacific by 41.3% in the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after acquiring an additional 52 shares during the period. Acropolis Investment Management LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $107,000. Icon Wealth Partners LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $119,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Union Pacific by 46.6% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after buying an additional 340 shares during the period. Finally, Exane Derivatives raised its stake in shares of Union Pacific by 55,600.0% during the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after buying an additional 1,112 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

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Union Pacific Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.